Grenergy renovables : A reassuring tone on the rollout of the growth plan and IRRs
>Q1 2022 results in line at the operating level - Grenergy published yesterday morning its Q1 2022 operating results which were in line with our EBITDA estimates but above those for net profit. EBITDA stood at € 7.4m, up 321% and in line with our estimates. Net profit came to € 4.2m vs € 0.4m in Q1 2021, above our estimates thanks mainly to the forex effect (+€ 2.9m). As forecast, the D&C business (build-to-sell) posted Q1 2022 EBITDA up sharply at € 3.4m vs € 0.2m in...Grenergy Renovables Sl. Grenergy Renovables SL is a Spain-based company engaged in the marketing of energy recovery facilities. The Company develops projects and an Independent Power Producer (IPP) that generates renewable energy mainly through solar photovoltaic plants.
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